Monday, June 29, 2020

The median asking price for a home in Mayo has remained the same throughout the second quarter of the year compared to the same period last year, according to the latest house price report from MyHome.ie.

The report which is published in association with Davy found that quarterly asking price inflation fell by 1.5 percent and annual asking price inflation fell by 2.9 percent nationwide. There has been no change in the median asking price for a home year on year in Mayo, which remains at €145,000.

There was a marked increase in the median asking price for a two-bedroom apartment in Mayo, where prices were up 23 percent on the year to €110,000.

Angela Keegan, Managing Director of MyHome.ie, said the significant drop-off in activity in Q2 meant that a clearer picture of Covid-19’s effect would not be seen until Q3.

“With activity significantly down on normal levels for most of the quarter, it is perhaps not hugely surprising that we have seen prices stay relatively steady as many buyers adopt a wait and see approach. In Q3 we will have a better sense of how the overall economic picture has affected the housing market across the country.”

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